Evening Star Newspaper, May 25, 1929, Page 16

16 REAL ESTATE. THE EVENING STAR. WASHINGTON, D. C. SATURDAY, DROP IN EARNINGS OPENS NEW FIELD Business Interruption Insur-| ace Protects Against . " Loss. ‘ | The sharp curtailment of earnings by | reason of fires in factory and mercan- tile establishments has resulted in banks demanding greater protection before they will lend money to such | business projects in various sections of | the counfry. and this in turn has led | to the development of a comparatively new type of insurance, known as “‘use | and occupancy”’ or business interrup- tion insurance. | 1t is pointed out that the total | amount at risk on the books of the insurance companies often exceeds the | amount of straight fire insurance car- | ried. The rates on the new form of insurance, which finds its largest field in the manufacturing districts of New England, are moderate and the terms easily understood. In addition to fire, it protects against Joss from explosion. wind storm, sprinkler leakage, water damage, or damage from riots, any one of which | mav cause a loss to the insured through | curtailment. of his earnings greater | than the direct loss incurred. | Insured Against Loss. | A policy of use and occupancy in- demnifies the insured for loss of earn- ings during the period of suspension which the business would have produced | had there been no damage or interrup- | tion. It guarantees protection from | the date of the loss to such time, not | limited by expiration of the policy, as | shall be required with the exercise of | due diligence to build, repair or restore | such parts of the building, stock or equipment as were destroyed. | ‘The actual losses sustained by the in- | #ured which are insurable consist of net profits of the business, reasonably an- | ticipated for the period of suspension | such fixed charges and expenses as must | ; necessarily continue during a total or artial suspension of business to the ex- | tent only that such fixed charges and | expenses would have been earned had | no loss occurred: such expenses as are | necessarily incurred for the purpose of | redueing the insurance company's obli- gation. The primary purpose, however. of use and occupancy insurance is to infure a continuity of revenue that will | kéep a business, including salaries of officials, pavment of taxes, fees. etc.| act during a period of reconstruc. tidn following some casualty that de- prives the business of earning power.| Bpcause it may be purchased to cover (Continued From Fifteenth Pae.) | by bulbs set in the ceilings in plaques |of this house are exceptionally large. | of painted metal. The tone of the dra- | | peries of the master bedroom is more somber than elsewhere in the house. They are of striped blends with the rug of braided soft blue and rose chintz. - The color scheme of the other front bedroom is made vivid by semi-glazed blue figured chintz hangings and two hook rugs of blue and cream. In the rear room on the second floor the drapes are plain peach rayon. and the floor is covered with a plain green rug. The rugs in both the living and dining rooms are of Persian weave with deep blue centers and rose borders. FOXALL GROUP HOUSE. ‘Work is being rushed on the Old Eng- lish style house being erected at 1573 Forty-fourth street, in Foxall, b: ‘Waverly Taylor, Inc., which will be the third home to be put on display. It is expected, however, that this dwelling will be ready in ample time for the showing, beginning June 9, since re- markable progress is being made. The front of the house is rapidly ap- proaching completion. The ch has been built and roofed with slate as has the rest of the structure. The front cement, steps and cheeks leading from the sidewalk have been laid as has the walk of aggregate concrete approach- ing the door. This latter feature, un- usual in a dwelling, is cement their color. The entire front porch is of cypress. The columns are adzed and the whole is treated with a special compound to give the impression of age. Inside the walls have been papered. a | simp'e American mantel affixed over the fireplace, a wrought iron balustrade with a brass knob placed around the lower portion of Lh':dst«!\r!. all the in- | terior ~doors and the attic nearly finished. The attic is unique. The walls are covered with insulating board, which painted and left exposed. The woodwork is a blue-green. All the closets throughout are cedar lined. All work of actual construction on the home located on Iris street near Morn- ingside drive is finished and the build- ers, L. E. Brr.umnger & Sons, are put- ting forth every ef inality to a remarkable degree. They have already met with much success. The landscaping is almost completed The lawn is sodded, shrubbery planted odly certain items of a business iIn-|gng g formal garden constructed in rear. b 5t continue during the cessation of Iness or 1oss on prospective. increased | ings or made to apply in protect- profits. excepting such expected | ts on finished goods, it is one of | m most elastic forms of insurance Charts Tell of Profits. ecause fires ususily cause more in- tefruption than any other casualty, t! form of indemnity “is. generally cansidered an adjunct of fire insurance add the fire insurance companies con- seuently have adopted it as an allied | Jide to be sold by experts who ha h knowledge of #s applications d operations. The factors that en- into net profits and fixed expenses : the more readily arrived at through » use of charts, which are made able by the insurance companies. th the aid of these the various con- Ibuting financial factors of & es8 v be 20 listed that avoidable expenses y be eliminated, and the applicant nses an- for their estimates of the proper ount of coverage. They also give reful consideration to the percentages by ‘which the earnings will be increased dfiring the time necessary to rebuild. i DR. Wwin 2l WO00D TO PREACH. 11 Pulpit at Eckington H Presbyterian Church. Dr. Charles Wood will preach to- jarrow morning at 11 o'clock at the gton Presbyterian Church, North itol street corner Florida avenue, the absence of- the minister, 4 ry B. Wooding, who is attending the ghneral assembly at St. Paul. ! Representative Hogg of Indiana will k at the church service at 8 o'clock. The annual picnic of the Fidelity ible class will be held Saturday after- ribon, June 1, at Glendale, Md. e § Dr. C. H. Wesley to Preach. Dr. C. H. Wesley, superintendent of | district, ‘Washington will preach| ylhe Metropolitan A. M. E. Church| tomorrow at the 11 o'clock service. | “The members of the Gr: and Army of %n s Republic, together with the Amer-| !Eqiem": will attend this service body. | Washington’s OPEN SUNDAY ti £ 2 3302 Rittenhouse St. ., < 1418 Eye St. N.W. completed ready for your inspec- garage. beautifully landscaped, large shade trees. N S MPANY INCo tory. such as a fixed charge that one of the features of this develop- ment is to be a puttins green for the golf enthusisst. bordered by large flag- stones and a hedge. Adjoining this is to be another space inclosed with flags of irregular shape. Along the farther end with be a semi-circular stone bench and, in the center, a crystal ga: ball. Particularly interesting to itors will be an exact cross-section model of | the house in the basement. The min- iature shows every step of the construc- tion from the laying of the foundation to the papering. ‘The floors are now being finished. ve | The Old English den is completed and its woodwork and rafters stained, vita- glass, which admits the violet ray, placed in-its windows, the cellar walls have been painted white and black with a border of brown between, and the kitchen equipment installed. Built into the walls of the bathrooms are electric heaters. - The walls and celling of the attic are of insulating boards with intsecting strips of stained wood. An interesting effect is attained by leaving them without paint or paper. | I ON ROWLAND PLAC l three-story Colonial house of ‘The brick and stone being erected at 3307 lace in the Richmond Park slh;'ehnfl Park by W. D. Rowland section o s time. Work is being pushed, however, and with the expenditure of a little extra effort the structure will be cam- pleted, it is expected, by June 23, the opening date, The white plaster has been put on the walls from basement to third floor. two of the basement rooms are to be finished similarly to the rest of the house and one of them contains a brick fireplace. The shutters are on and the large side porch is almost completed, await- ing only its roofing of slate shingles. The front porch is under construction. ‘Much of the kitchen equipment is in place. The sink and cabinets have been 5o arranged and inclosed as to give the Al ce of being in one plece. The kitchen is exceptionally light and airy, insuring sgainst overheating in hot weather, and is amply furnished with storage receptacles for food, dishes and pans. The walls of this room are of blocked cement. An automobile yard of cement has been constructed in the rear of the en- trance to the single-car garage. Shelter for another machine it provided, how- ever, by the large rear porch, which first STEEL HOUSE and now on. Stone. with steel rame ... 7 rooms baths, 2-car built-in Lot 60x190, —Chevy Chase, D. C. ansbury National 5904 Exclusive Agents FIRST OF SIX STAR MODEL 2 HOMES READY FOR VISITORS rose satin, which | v | producing an effect in keeping with the in | | which gravel has been mixed and the | surface cleaned with acid, thus expos- | |ing the small stones and bringing out ort to achieve orig- | 1. | PERMITS FOR 16 owing to the slope of the land is some | distance from ground. All the rooms " HOMES TOPS LIST New Building Operations for Week in District Total $672,115. | “ROCK GABL | ‘The 1ast of the model homes located at East Beach drive and Redwood ter- race, in Rock Creek Park Estates, has | been roofed and the first coat of plas- | ter put on the walls. This house, built v = e Cots- B Edson . B Ctone to resemble | Permits for the erection of 16 dwell- | the country home of a gentleman of the ings with garages, at a total cost of DftetouD O xS cenurY) 1s much | ¢118,400, have been issued by Col. John ! 4 | W. Oehmann, District The roofing is of heavy gray slate | pjiqing inspector, to W. Walter Vaug] j;hxnsle& T G -léfi"::fl';u“n'z:e heading the Nt ‘of authorizations. for | ben;:)sr: v;:llngc o‘;’:lulered An \musul? xe wkbuudmg op'“:',“:m during :g‘ :’p:sl feature i the staggering of the levels |p m";";";:}’,;“"',,fl“;;’t Pl O o From the hall | The permits® for operations costing | R T $1,000 or more_ follow: {left and up to the one.on the right | "W = walter Vaughn, owner, designer |and builder; to erect twelve 2-story |brick and_cinder block dwellings, 925 |and 927 Upshur street and 4218 to 14200 Tenth street northeast (lots 29 to 40, square 3814); to cost $85.200. | “W." Waiter _Vaughn, ~owner and builder: to erect 12 brick garages, 925 and 927 Upshur street and 4218 to 4200 Tenth street northeast (lots 29 to 40, square 3814): to cost $3.600. W. Walter Vaughn, owner, designer and builder; to erect four 2-story brick |and_cinder ‘block dwellings, 924 to 930 | Upshur street. northeast. (lots 33 to 36, square 3810): to_cost $28,400 W. Walter Vaughn, owner tustic atmosphere sought. The cement has been laid for the driveway and automobile yard leading to the spacious three-car garage which frankly faces the street. Overhead pipes have been built in for heating. This house is situated on a large lot | overlooking the mnearby - stretches of | Rock Creek Park. Since the land across the road is Government prop- erty, the future tenants will have noth- ing to fear from future developments which otherwise might destroy its beau- tiful natural setting. ST and of Columbis | MAY 25. 1929. REAL ESTATE. | builder; to erect four brick garages, 924 | builders; Gordon E. MacNeil, archi-|4700 Massachusette avenue (lot aewmd make alterations, 519 Sixth street to 930 Upshur street northeast (lots 33 to 36, square 3810); to cost $1,200. ! Two-Story Brick Home. 1. Corrin Strong, owner: Waldron Faulkner, architect; Allen C. Minnix, builder; to erect one 2-story brick dwelling, 2712 Thirty-second street dlots 16 and 17, square 2119): to cost $60,000. Wardman Corporation, owners and builders; M. Mesrobian, architect: to erect nine 2-story brick dwellings, 620. to 6217 Fourteenth street (lots 43, square 2789); to cost $54.000. Lone Star Cement Co. Inc.. own- ers; Rust Engineering Co., designers and builders: to erect one 3-story con- crete storage building, 3336 Water street (lots 43 to 46, square 1177 | cost. $50,000. ‘Thomas W. Phillips, owner: Arthur | B. Heaton, architect; C. Wohlgemuth, | | jr., builder: to erect one 3-story brick addition, 2108 Sixteenth street (lot 806, square 174); to cost $43,000. Church Plans Addition. St. John's Church, Georgetown, D. C., owners: Walter Peters, architect; C. Wohlgemuth, jr., builder; to erect one 2-story brick addition to parish hall and make repairs, etc, O and Potomac streets (lot 809, square 1231); | to_cost $30,000. 1 Raymond Pagliochini, owner and builder; George T. Santmyers, archi- tect; to erect one 2-story brick and stone dwelling, 4517 Argyle terrace (lot, 18, square 2658); to cost $18,000. L. E. Breuninger & Sons, owners and builders; H. L. Breuninger, architect: to erect one 2-story brick dwelling, 7538 | Morningside drive (lot 37, square W- |2774);_to cost $16.500. G. W. Chase, owner, designer and ! builder; to erect one 1-story brick dwelling, 703 Elder street (lot 26, square 3176); to cost $6,000. W. C. & A. N. Miller, owners and STAFF PREPARED TO EXHIBIT MODEL | RESIDENCE TOMORROW £ (Continued From Fifteenth Pae.) floors of the den and second bedroom. The master bedroom has a plain green carpet, identical to the ones through- out the first floor. The guest bedroom set is of walnut, and consists of a single bed, & chest of | drawers, a vanity table, a chair and a | night table. There also is an odd baudoir chair. The bedspread is of lace with a rose lining. while the drapes are of plain green voile. More pictures are ‘ustd here than elsewhere in the house, | P2 three prints being hung tastefully about ' the walls. = The upper hall is equipped with a ¥ | French provincial telephone stand of inlaid walnut and an electric light fixture. | Al the walls on the first floor have |a decorative finish. troweled on and | covered with a delicate apricot fllk | The floors throughout are of polished mahogany. ‘The house stands on a site looking| | across a broad sweep of lawn and open |1and to dense woods almost half a mile | ‘The bullders have g}cyedi e to |of 130 feet. | The Kenwood dwelling is of brick, and is marked by low, sweeping roof lines, careful blending of materials, and | 2 such details as wooden porch posts and brackets and the dormers piercing the main roof, which help to emphasize the character of its architecture. Among the unusual features is the automatic opening of the garage doors | @ by electricity. The device may be | rated from either within or without | 53 the house. o 3 New Homes in | Priced to Sell | 6200 Broad Branch Road | $18,500 | Center-hall plan brick | Colonial, located just north of Rittenhouse | Se. rooms and 2 1 baths. Built-in garage. | A most livable home in a very desirable section. 5524 39th Street $21,000 A brand.new brick Colonial center-hall resi- dence, containing 7 rooms and 2 tiled baths. Lot 60x140 ft., has many shade trees. 2.car brick garage. Close to stores and school. THE HOME ELECTRIC N WOODLEY PARK Will Be Open Today and Tomorrow Until 9 P.M. Sponsored by the Washington Post and Electrically Equipped Through the Courtesy of the Potomac Electric Appliance Co. sy E2 1 Model Exhibit Home | 2909 29th St. CHEVY CHASE 208 Raymond Street $12,850 An unusual value here. 6 rooms, 2 tiled baths, 2 large porches. Garage. Large lot with fruit and shade trees. Close to Connecticut Ave. A real value. ‘ OPEN ALL DAY SUNDAY 6520 Connecticut Ave. eA OPEN SUNDAY 9 AM. to 9 PM. 3620 Veazey St. PRICE $13,750 able neighborhood Connecticut Avenues, where home values will always brick constructed home with TTL! select increase. A MODER? EIGHT large rooms, extra LAVATORY e also y ELECTRIC home REFINEMENTS. Reach via Conn. Ave. west two blocks YUR-BEDROOM RE REFRIGERATION and other on CHAS. D. SAGER EDW. H. JONES & CO., Inc. Cleveland 2300 NORTH CLEVELAND PARK Semi-Detached Homes Distinctive in Design and Superior in Construction SIDENCE in this desir- between Wisconsin and E BATH with SHOWER, HARDWOOD FLOORS, an artistic OPEN FIRE to Bureau of Standards, Pierce Mill Road. Builder—Realtor—Owner CONVENIENT TERMS 924 14th St. N.W. Main 36 tect: frame dwelling, 4920 Indian lane (lot 14, square 1512): to cos’, $15,365. Benjamin K. Leon, owner and build- | er; Lawrence E. Allison, designer: to erect_one 2-story brick dwelling. 1605 | sq Van Buren street (lot 56, square 2744); to_cost, $11.000. M. P. Landis, owner designer and |er builder; to erect two 2-story frame | dwellings, 2222 and 2224 Perry street northeast (lots 59 and 60, square 4241); | to cost $10,000. New Store Contemplated. Martin McInerney, owner and build- er; J. H. Abel, designer: to erect one 1-story brick store, 2556 Wiscons avenue (lot 332, square 1300); to cost $7,500. H. W. Bresnahan, owner; E. W. Spink, architect and builder: to erect one 2-story frame dwelling, 3339 Run- nymeade street (lot 1, square 2008); to cost $7.000. Capital View Realty Co.. owners and builders; George T. Santmyers, archi- tect; to erect two 2-story brick dwell- ings, 5010 and 5012 Ames street north- east (lots 51 and 52, square 5191); to cost §7,000 for both. Max Simon, owner; Maurice Joyee. builder; to erect one 2-story frame and stucco dwelling. 3213 Alabama avenue southeast (lots 16 and 17, square 5677); to cost $6,600. New Sanitary Grocery. Sanitary Grocery Co., owners: War- ren Spencer, designer and builder; to trect one one-story brick store, 213 Upshur_street (west 25 feet of lot 22, square 3317), to cost $4,500. Elmer B. Brammell, owner and de- signer; John C. Richards. builder: to erect sun parlor and rear addition, to erect one 2l5-story brick and |square 1529). to cost $4.100. Carrie D. Burch, owner; L. W. Thomp- | | son, designer: B. F. Burch, bullder: to| Malakatis, buflder: erect one one-story frame and stucco 2414 Fourteenth street (lot 93, square addition, 6609 Pirst street (lot 803, 2661). to cost $2.000. | Honey, architect: G. A. Marinari, build- | (ot 814. square 488); to cost $3,000. Placido Bucolo, owner: Mareus to make repairs uare 3366), to cost $4.000 Joseph Le Donne. owner: | ~"Washington ~ Convention Hall Co. B. |owners; to make repairs Fifth and K streets ' (lot 108, square 515), to cost to erect one one-story brick addition | $2.000. W INSPECT SUNDAY 5150-5188 Fulton Street $5.850 Small cash payment: balance easy N.W New semi-.detached 6.room honses. rontaining hot-water heat, electric lights. hardwood floors, tile bath, front and rear donble porches. modern cellar with builtin garage. laundry travs, deep Iot to an alley in the rear. Located on a high elevation of ground over. looking the Potomae River and nearhy Virginia. it will he a eon- stant delight to live in one of these homes. An ideal place, where children can play out of the way of traffic. Route: Proceed on Conduit rond to the 5100 block, turn right at Dana place to Fulton street, thence to property. The Munsey Trust Co. Real Estate Dept. National 8080 “UNSURPASSED VALUE Spacious new homes, in a a Overlooki E Six spacious rooms Tiled bath with shower Pedestal lavatory and Pembroke tub Toilet in basement Hardwood trim and floors Panelled walls Three large porches Only ¥7,950 and Exceptional Terms R. E. KLINE, Jr., Owner 717 Union Trust Bldg. Exhibit Home Open Daily Until 9 P. M 210 17th Place N.E. restricted all-white cofnmunity adjoining East- ern High School ng Beautiful Anacostia Parkway VERY MODERN FEATURE Built-in garage Paved alleys Lawns berdered with artistic stone wall All-white modern kitchen Quality range and two large cabinets Beautiful lighting fixtures Main 6789 OR ANY BROKER ATTENTION Navy yard employees $6,250 Homes like these have never been offered at such a price! = «~ < Substantial, all-brick construction, covered front porch, double rear porches, tiled b ath with built-in tub and pedestal basin, artis- tically decorated rooms with paneled walls, oak floors, hot-water heat, built-in garage, attractive shrubbery, wide paved street, two squares from school, stores and car line. Near new Gov. park. SMALL CASH PAYMENT — BALANCE LIKE RENT . 51 EXHIBIT HOME—1518 RIDGE PL. S.E. Open Sunday until 9 p.m.—Drive out Mass. Ave. to 11th St. S.E., south across 11th St. Bridge to first street beyond bridge. Turn left to 14th and north one square to Ridge Place—or take Anacostia car to S St. and Nichols Ave. NATIONAL MORTGAGE & INVEST. CORP. 1004 Vt. Ave. Main 5833